>> it was the white house and lu and neighbors who went to harry reid and say this is the solution. but everyone has their fingerprints on this. and it is everyone's -- it is the policy and it is law. what is important about it is, travesty.verning trace the idea that you are going to go around and in random ways just cut things. it would be like a family that has to cut the budget saying let's cut the medicine that keeps the children alive. it's stupid. >> chris: kim, having said that it's stupid what are the chances we are actually going to reach march 1 and the sequester, the $85 billion in automatic cuts will kick in and if it does and we begin to see marks reacting and stuff how does it play out with the president insisting there have to be tax hikes on the rich and the republicans saying no, it all needs to come out of spending cuts? >> i think it is likely that we do hit that day and that it comes and the reason why is because the republicans have been asking the white house to come up with some sort of alternative in which you actually prioritize and maybe do something on en